Gillette India reports 6% rise in quarterly profit, announces Rs 35/share dividend payout

Gillette India dividend payout news: The board of the Mumbai-based FMCG company, which manufactures grooming and oral care products, recommended an interim dividend of Rs 35 per share, with a record date of February 9.

Gillette India reported a 5.6 per cent year-on-year increase in net profit for the quarter ended December 2022. | Image: Reuters

Gillette India — an FMCG company that operates in grooming and oral care segments — on Wednesday reported a net profit of Rs 74.5 crore for the quarter ended December, marking an increase of 5.6 per cent compared with the corresponding period a year ago. The company clocked a third straight quarter of topline and bottom-line growth.

Mumbai-based Gillette India's revenue increased 9.8 per cent on a year-on-year basis to Rs 618.6 crore for the three-month period, according to a regulatory filing.

TRENDING NOW

Gillette India said its sales rose 35 per cent compared with the corresponding pre-COVID quarter.

“For the third consecutive quarter, we have delivered profitable growth in a challenging environment, driven by our integrated strategies of a focused product portfolio, superiority, productivity, constructive disruption, and an agile and accountable organisation," said LV Vaidyanathan, Managing Director, Gillette India.

"While cost and operating challenges continue in the near term, we remain focused on our endeavor of driving a balanced top and bottom-line growth,” he said.

Gillette India dividend per share

Gillette's board recommended an interim dividend of Rs 35 per share. The company said the dividend payout will be made by February 28.

The company set January 9 as the record date for the dividend.

The record date determines the eligible shareholders for a dividend payout. Shareholders holding the stock on the record date qualify to receive the dividend.

Gillette India is 75 per cent owned by Procter & Gamble (P&G).

Catch latest stock market action and Budget 2023 highlights on Zeebiz.com

TAGS:

Gillette men's grooming